What factors are not to be considered in global procurement?a.Manage supply riskb.Sourcing products and servicesc.Strong vendor managementd.Purchasing order
Question
What factors are not to be considered in global procurement?a.Manage supply riskb.Sourcing products and servicesc.Strong vendor managementd.Purchasing order
Solution
All the factors mentioned - managing supply risk, sourcing products and services, strong vendor management, and purchasing order - are important considerations in global procurement. Therefore, none of these factors can be disregarded.
a. Manage supply risk: This involves identifying potential problems that could disrupt the supply chain, and implementing strategies to mitigate these risks.
b. Sourcing products and services: This involves finding suppliers who can provide the necessary products and services at the best possible price and quality.
c. Strong vendor management: This involves building and maintaining good relationships with suppliers, which can lead to better prices, improved quality, and more reliable delivery times.
d. Purchasing order: This involves the administrative process of ordering goods or services, which includes creating purchase orders, receiving deliveries, and managing invoices.
So, all these factors are crucial in global procurement and none of them should be ignored.
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